COUNTRY •
CANADA
Last Update: 9 Feb 2023 0:15 GMT+0
The Canada 10Y Government Bond has a 3.036% yield.
10 Years vs 2 Years bond spread is -91.9 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.50% (last modification in January 2023).
The Canada credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 39.23 and implied probability of default is 0.65%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 4.553% | +28.3 bp | +221.3 bp | 08 Feb | |||||
| 2 months | 4.537% | +21.6 bp | +207.7 bp | 08 Feb | |||||
| 3 months | 4.532% | +12.5 bp | +167.2 bp | 08 Feb | |||||
| 6 months | 4.646% | +4.1 bp | +141.6 bp | 08 Feb | |||||
| 1 year | 4.632% | +3.0 bp | +117.2 bp | 95.57 | -0.03 % | -1.13 % | 08 Feb | ||
| 2 years | 3.955% | -1.8 bp | +68.3 bp | 92.54 | +0.04 % | -1.30 % | 08 Feb | ||
| 3 years | 3.623% | -8.8 bp | +44.3 bp | 89.87 | +0.26 % | -1.29 % | 08 Feb | ||
| 4 years | 3.334% | -10.3 bp | +23.2 bp | 87.71 | +0.40 % | -0.89 % | 08 Feb | ||
| 5 years | 3.174% | -6.9 bp | +34.2 bp | 85.54 | +0.34 % | -1.64 % | 08 Feb | ||
| 7 years | 3.036% | -5.3 bp | +25.7 bp | 81.11 | +0.36 % | -1.73 % | 08 Feb | ||
| 10 years | 3.036% | -6.9 bp | +32.5 bp | 74.15 | +0.67 % | -3.11 % | 08 Feb | ||
| 20 years | 3.144% | -5.7 bp | +29.8 bp | 53.84 | +1.11 % | -5.63 % | 08 Feb | ||
| 30 years | 3.085% | -3.3 bp | +30.9 bp | 40.19 | +0.95 % | -8.62 % | 08 Feb | ||
Last Update: 9 Feb 2023 0:15 GMT+0
Canada Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (4.50%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.085% | -141.5 bp | ||||||
| 10 years | 3.036% | -146.4 bp | ||||||
| 5 years | 3.174% | -132.6 bp | ||||||
| 2 years | 3.955% | -54.5 bp | ||||||
| 1 year | 4.632% | 13.2 bp | ||||||
| 3 months | 4.532% | 3.2 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -67.7 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -78.1 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -91.9 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Canada Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Canada Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AAA
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AA+
|
- |
| DBRS |
AAA
|
- |
Canada Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 4.50% |
Canada Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 39.23 | -0.03 % | -0.05 % | +31.64 % | 0.65 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Canada 10Y Bond Yield Spread
The Canada 10Y Government Bond has a 3.036% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Canada 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 254.8 bp | -5.9 bp | +0.5 bp | Compare | |
| Germany 10Y | 69.1 bp | -18.1 bp | -110.0 bp | Compare | |
| France 10Y | 23.0 bp | -13.9 bp | -100.4 bp | Compare | |
| China 10Y | 11.8 bp | -8.2 bp | +15.5 bp | Compare | |
| United Kingdom 10Y | -27.6 bp | +15.1 bp | -99.6 bp | Compare | |
| Spain 10Y | -33.4 bp | -15.9 bp | -98.2 bp | Compare | |
| United States 10Y | -58.4 bp | -16.1 bp | -50.9 bp | Compare | |
| Australia 10Y | -63.1 bp | -3.5 bp | -11.6 bp | Compare | |
| Italy 10Y | -117.3 bp | -8.5 bp | -80.6 bp | Compare | |
| India 10Y | -430.8 bp | -7.1 bp | +32.9 bp | Compare | |
| Russia 10Y | -764.4 bp | -40.9 bp | -130.5 bp | Compare | |
| Brazil 10Y | -1027.0 bp | -37.3 bp | -84.2 bp | Compare |
Canada Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 30 years | 3.085% | 40.19 | 59.58 | 98.35 | 137.13 | 175.90 | 214.67 | ||
| 20 years | 3.144% | 53.84 | 68.52 | 97.89 | 127.25 | 156.61 | 185.97 | ||
| 10 years | 3.036% | 74.15 | 82.66 | 99.69 | 116.72 | 133.75 | 150.78 | ||
| 7 years | 3.036% | 81.11 | 87.33 | 99.78 | 112.22 | 124.66 | 137.11 | ||
| 5 years | 3.174% | 85.54 | 90.09 | 99.21 | 108.32 | 117.44 | 126.55 | ||
| 4 years | 3.334% | 87.71 | 91.39 | 98.77 | 106.14 | 113.52 | 120.89 | ||
| 3 years | 3.623% | 89.87 | 92.67 | 98.26 | 103.85 | 109.44 | 115.03 | ||
| 2 years | 3.955% | 92.54 | 94.42 | 98.20 | 101.97 | 105.75 | 109.52 | ||
| 1 year | 4.632% | 95.57 | 96.53 | 98.44 | 100.35 | 102.26 | 104.17 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||